If I were Paige Vanzant, I would try my hardest to keep the contract... but never actually fight again. That way, she can keep her shitty gimmick on Instagram of being a "UFC fighter." That is the only thing that makes her different from all the Insta-hoes and grants her some credibility.
Not to undermine her career, of course. She has some wins in the UFC, which technically means she deserves to be called a UFC fighter, but let's be real - she's gotta get nowhere in the UFC and she's gonna keep getting peanuts because she will never be very good. In other words, her being called a UFC fighter is the best thing that she can get out of her contract. She will make a lot more on Instagram, and like I previously mentioned, the "I'm a UFC fighter... that's a girl!" will attract some extra thirsty geeks that are into that shit.